QQQE:NASDAQDirexion NASDAQ-100 Equal Weighted Index ETF Analysis

At $120.75, Direxion NASDAQ-100 Equal Weighted Index Shares shows a bullish moving-average alignment, with shorter averages sitting above longer ones. The last 30 days have gained 4.6%. RSI sits at 47.8, which reads as neutral, and MACD momentum is bearish. Watch $119.39 as support and $125.00 as the nearer resistance level.
The 0.35% expense ratio is competitive for its category, and the fund manages $1.46B in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 14.8%, a beta of 1.13 and a maximum drawdown of 9.6%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Timeframes disagree: the short-term read is buy while the long-term read is hold, conviction 3 out of 10.